The correlation between BTC and SPX is now a record, both in
time positive and highest positive ever. This will not always be
the case, but it is now. So, the crypto bottom is also the
stock bottom and visa-versa.
I posted the divergent low and reversal yesterday in BTC - first
to reverse. Very fluid and subject to change
Institutional adoption means crypto is view as the farthest
point on the risk curve, a highly leverage stock position. So, they
trade that way.
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Correlation between BTC and SPX - Jim Bianco Comments
Posted by steve on 25th of Jan 2022 at 08:18 am
The correlation between BTC and SPX is now a record, both in time positive and highest positive ever. This will not always be the case, but it is now. So, the crypto bottom is also the stock bottom and visa-versa.
I posted the divergent low and reversal yesterday in BTC - first to reverse. Very fluid and subject to change
Institutional adoption means crypto is view as the farthest point on the risk curve, a highly leverage stock position. So, they trade that way.